Two recent additions of support for an emergency return to the Glass Steagall Law have prompted the need for clarification on where Glass Steagall stands. First, on November 9, 2011 a letter endorsing H.R.1489 was sent to Representative Marcy Kaptur on behalf of the 1.5 million members of the American Federation of Teachers. Second, on November 14 and 15, 2011 Donald M. Payne (D-NJ) and Frederica Wilson (D-FL) became the 53rd and 54th cosponsors to Marcy Kaptur's H.R.1489.
While the Glass Steagall Law reenactment is absolutely urgent, we urge all patriots to recognize that as long as Barack Obama is in the White House, Glass Steagall will not happen. Glass Steagall is anathema to everything Obama represents as a puppet of Wall Street and London. His immediate removal, and the subsequent enactment of emergency measures, Glass Steagall being primary, is the only option for rescuing this nation and returning it to the long tradition of the United States leading the world through its emphasis on the development of the creative powers of each individual human being.
Leadership in this context is not merely supporting the right policy, but picking the right fight and following it through. LaRouchePAC organizing across the country has revealed the cowardice of those who are comfortable with advocating the right policy solution (ala. Glass Steagall Law), but who are unwilling to pick a fight with that giant road block to actually accomplishing that end.